"EURUSD currently trapped 1.1110 to 1.1300 range... bias is for a deeper pullback"

I'm just scanning a few bits and pieces and came across this snippet from Lloyds Bank on the euro

• Prices are currently trapped in a 1.1110 to 1.1300 range, with the 1.1300-1.1450 representing medium-term range resistance. Our bias, aligned with a bout of strength in the broader USD, is for a deeper pullback towards 1.1000-1.0950, but we need a break of 1.1110 to confirm.
• Long term we believe 1.0350 completed the cycle from the 2008 highs at 1.6020. So, eventually, we look for a move back to 1.20-1.23 and then ultimately back to 1.30-1.31. However, for now we see still see the risk of a broader range under1.1350-1.1450 first, but expect the downside to be limited on pullbacks to the 1.09-1.0830 region.